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Coca-Cola Suspends Business in Russia

  • Posted Mar 9, 2022 15:40 by Rosahlee Bautista
  • 3188
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INTERNATIONAL: Coca-Cola Company has announced on Tuesday ,March 8, it is suspending its business in Russia, following Moscow's invasion of Ukraine.

Coca-Cola has also said its business in Russia and Ukraine contributed about 1 percent to 2 percent of the company's net operating revenue in 2021.

McDonald's and Starbucks have both also said they will be temporarily closing hundreds of restaurants in Russia.

Coca-Cola and soft drink rivals Pepsi are among the latest Western companies to pause operations in the country.


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